Japanese stocks top bet for hedgies -Rogers

Japanese assets offer the best bet for hedge funds over the next couple of years, as a lack of competition creates trading opportunities, the head of a hedge fund advisory firm said at the Reuters Wealth Management Summit in Tokyo.

“I think the opportunity set in Japan is the best in the world for equities-based hedge funds,” Ed Rogers, chief executive of Rogers Investment Advisors, said.

Rogers expects his upcoming fund, which puts together hedge funds for wealthy individuals and pension funds for a fee, to rack up net annualised returns to investors of 12 percent to 17 percent.